The Fair Share Report
117 Second Ave
Pitman, NJ 08071
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $175,863 – $205,072, from 12 comparable Pitman sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $187,636 home should be assessed near $137,556.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,856 below what the ratio math suggests (28.2%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
43%90%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 127 SEVENTH AVE | 2025-03 | $215,000 | 684 | 69.5% |
| 125 FOURTH AVE | 2026-05 | $210,000 | 732 | 57.9% |
| 134 FIRST AVE | 2026-01 | $230,000 | 739 | 56.6% |
| 127 W HOLLY AVE | 2026-02 | $227,500 | 768 | 61.6% |
| 127 THIRD AVE | 2025-12 | $210,000 | 768 | 54.5% |
| 143 EIGHTH AVE | 2025-10 | $239,999 | 770 | 57.8% |
| 127 SECOND AVE | 2025-05 | $233,000 | 796 | 54.2% |
| 213 EAST AVE | 2025-05 | $215,900 | 806 | 68.8% |
| 130 SIXTH AVE | 2025-05 | $245,000 | 896 | 64.2% |
| 41 CIRCLE AVE | 2025-08 | $275,000 | 906 | 56.7% |
| 107 SEVENTH AVE | 2025-08 | $260,000 | 909 | 62.5% |
| 105 W HOLLY AVE | 2025-12 | $265,000 | 918 | 56.6% |
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